Luxfer Holdings, a global materials technology company specializing in aluminum, magnesium, zirconium and rare earths, announced terms for its IPO on Friday. The Salford, United Kingdom-based company plans to raise $151 million by offering 10.8 million shares at a price range of $13 to $15. At the mid-point of the proposed range, Luxfer Holdings will command a market value of $390 million. Luxfer Holdings, which was founded in 1982 and booked $486 million in sales for the 12 months ended September 30, 2011, plans to list on the NYSE under the symbol LXFR. Jefferies & Co. and Credit Suisse are the lead underwriters on the deal, which is expected to price during the week of December 12.
